A firm has sales of $311,000 and net income of $31,600.The price-sales ratio is 3.24 and market price is $36 per share.How many shares are outstanding?
A)20,608
B)27,990
C)28,356
D)30,515
E)31,011

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The Answer of A firm has sales of $311,000 and net income of $31,600.The price-sales ratio is 3.24 and market price is $36 per share.How many shares are outstanding?
A)20,608
B)27,990
C)28,356
D)30,515
E)31,011

A Firm Has Sales of $311,000 and Net Income of $31,600.The